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The Potential Rise in the Price of EverQuote Inc (EVER) following insiders activity

In a filing, EverQuote Inc revealed its Chief Financial Officer Sanborn Joseph unloaded Company’s shares for reported $0.16 million on Apr 04 ’24. In the deal valued at $20.00 per share,8,051 shares were sold. As a result of this transaction, Sanborn Joseph now holds 220,986 shares worth roughly $4.41 million.

Then, BLUNDIN DAVID B sold 1,385 shares, generating $27,811 in total proceeds. Upon selling the shares at $20.08, the Director now owns 694,043 shares.

Before that, BLUNDIN DAVID B sold 1,115 shares. EverQuote Inc shares valued at $22,389 were divested by the Director at a price of $20.08 per share. As a result of the transaction, BLUNDIN DAVID B now holds 616,446 shares, worth roughly $12.31 million.

Needham reiterated its EverQuote Inc [EVER] rating to a Buy in a research note published on February 27, 2024; the price target was $25. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid December from “a Mkt perform” to “an Outperform”. Craig Hallum began covering EVER with “Buy” recommendation on December 05, 2023. B. Riley Securities revised its rating on November 30, 2023. It rated EVER as “a Buy” which previously was an “a Neutral”.

Price Performance Review of EVER

On Friday, EverQuote Inc [NASDAQ:EVER] saw its stock jump 3.15% to $19.97. Over the last five days, the stock has gained 5.55%. EverQuote Inc shares have risen nearly 63.15% since the year began. Nevertheless, the stocks have risen 61.70% over the past one year. While a 52-week high of $20.34 was reached on 02/27/24, a 52-week low of $5.36 was recorded on 01/16/24. SMA at 50 days reached $16.86, while 200 days put it at $10.45. A total of 0.5 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For EVER Stock

The 24-hour chart illustrates a support level at 19.32, which if violated will result in even more drops to 18.67. On the upside, there is a resistance level at 20.33. A further resistance level may holdings at 20.69. The Relative Strength Index (RSI) on the 14-day chart is 63.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.65%. Stochastics %K at 62.14% indicates the stock is a holding.

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